From Meme To Currency?

If you’re not familiar with the Doge dog, the hugely popular internet meme.. Catch up real quick. Pretty funny, right? Okay, maybe not so much depending on which generation you’re from.

One of the many interesting things about this particular meme is that it basically comes with it’s own lingo, which is being marketed (peer-2-peer marketing, interestingly enough) into the culture of this coin, and it creates a very fun, unintimidating, satirical atmosphere. Said lingo is demonstrated in the headline of this article.

Dogecoin, like a recent DigitalTrends article so perfectly worded, is absolutely the most internet thing to happen, ever. And that’s where this “joke” of a coin may actually have the chance to differentiate itself from the rest of the exponentially growing digital coin market.

Regardless of your perspective, or what you think about Dogecoin, I bet it’s safe to say that you didn’t see this coming. Satoshi himself couldn’t have predicted this, but I bet he’s watching with a grin.

That said, in retrospect, it seemed pretty much inevitable that this would happen. With all of the gimmicky coins popping up over the last few months, it was only a matter of time before a meme made it into the crypto-coins world.

After all, this is supposed to be “internet cash” right? It seems only fitting that an all star internet meme graces the face of the currency, rather than morally questionable presidents. If it’s between Dogecoin and Obamacoin, I propose that history is playing out just as it should.

Birth of a Bubble?

We can’t help but think that this could catch on in a big way, ending in one seriously spectacular crash. Not that there’s anything wrong with crashes, Bitcoin has certainly seen it’s share and it’s still going stronger than ever. But really?.. Could Dogecoins end up being the pennies of the internet? The copper of cyberspace? With the number of coins being at one hundred billion, it’s logistically possible.

And that’s really the question here, as it seems pretty likely that Dogecoin will enjoy some short term success. It’s easy to dismiss this as a short lived fad, but if enough money finds it’s way into Dogecoin.. it may end up sticking around much longer than one might assume.

Currency isn’t like an internet meme.. It isn’t going to disappear quite as easily. Then again, who knows.. maybe it’ll disappear faster than it’s meme counter part. It’s difficult to make predictions in these early stages of the digital coin markets.

Keep in mind, that history is rife with examples of people using seemingly illogical instruments for money. In other words: So while we wouldn’t bet the farm on Dogecoin, we wouldn’t count it out either. Anything could happen.

Is This Real Life?

As much fun as this all is, we can’t help but be reminded of another popular internet meme: David after dentist. Are we really going to trade in Dogecoins? That remains to be seen, of course, but one thing’s for sure: Things are certainly getting interesting.

We’re of the opinion that, this coin is going to surprise a lot of people with just how much momentum and traction it gains. Never underestimate the internet’s appetite for satirical humor or cute pets.

To end in the light-hearted spirit of the Doge, we’ll leave you with a few visuals created by the community from the Dogecoin subreddit, a great place to learn more, if you’re interested.

Want to get started with FREE Dogecoin?

Sure thing!

Simply leave your empty Dogecoin wallet address in the comments section below and CoinTrader.org will make a small deposit to that address. The amount deposited will be based solely on the merits, insight, and helpfulness of the comment you leave! Lulz inducing comments are also welcome!

If you’re clueless about how to go about getting a Dogecoin wallet.. an easy, temporary solution would be to sign up for CoinedUp.com (currently the only exchange that trades Dogecoin) and use their online wallet until you set up a better solution.. There’s also a new (as in went live yesterday, so keep that in mind) online doge wallet with a very simple user interface and great design at DogeWallet.com.

I think the light-hearted/comedic aspect of the coin will pool in a much more dedicated fanbase. Within a few days of it taking over the interwebs, it has already created a market trading videos games, and business’ are already excited to start accepting them. I missed out a lot with selling Bitcoins too early, so hopefully the doge coin will only go up from here! Wow, much invest.

I just found about dogecoin yesterday and I wish I could do mining, but my computer is definitely not equipped to do so. I’m really interested to see what will happen, especially with how fast it’s developing.

I have had a lot of fun figuring out how to get mining working with dogecoin. It is still easy enough that you can do CPU mining, although that will no doubt change quickly. I have also discovered fountains, where you give your wallet address and they send a random amount of dogecoin to you. Most only allow one entry every so often, like one a day or one an hour, but a fun little way to get started.

Bitcoin put the spotlight on cryptocurrencies and Dogecoin can gain the popularity to ride that same wave to success. Currently, it’s not too hard to mine for everyone and the community is very helpful and generous. Dogecoin is definitely something worth checking out and setting up a basic miner for at the very least!
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Thanks!

In all seriousness, while dogecoin was originally created as a joke by the developer, it’s value has skyrocketed by over 120% in the past few days (from say, being worth 1 dollar, to 12 dollars). It has a huge potential investment opportunity, and knowing how volatile the internet can be, might make a lot of money in the future.

Please help I am a poor doge. I just want to buy the moon: DRtJqNDSgAQijZX6KKJ8F9xiJuEju8K6Vi

One can’t help but think of the irony inherent in the fact that Doge was deemed worthy of having his own currency and not Grumpy Cat, given the preponderance of cat memes going around as compared to memes dedicated to dogs.

Is real life? Or is just fantasy? Open your eyes Look up to the doge and see I’m just a poor doge, I need no bitcoins for me Because I’m easy come, easy go kh/s high, kh/s low, Anyway the others mine doesn’t really matter to me, to me.
mama just mined a coin put my gpu at max load send me doge to see my chode mamaaaa dogecoin has just begun but now the difficulty has increased all the way
mamaaa uuuuuh uuh uh didn’t mean to fry the card, if i don’t mine again this time tommorow, carry on, carry on as if nothing really matters
too late, my shares are low overvolt my gpu dealing with an unstable cpu goodbye, everybody, I’ve got to go gotta leave you all behind and
mama, ooh-ooh-ooooooohwoooo… i just want to mine, i sometimes wish I’d never bought ati at all…

(Sharing this song from my original reddit post)
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well it’s possible to imagine that governments issue currency to carry out the business of the gov’t… that is raising armies, building out infrastructure, etc

with cryptocurrencies, it is now possible for communities to issue currency, or actually to create it in this case. With dogecoin, it’s the lighter side of the internet community that can use the currency for good deeds, tips, buying a distant friend a cup of coffee or a beer…essentially carrying out the business of a collaborative community

Due to the fact that it is both a joke and a potential form of currency, I believe this coin actually has a chance of becoming somewhat valuable. Its also entering the market at the perfect time, because other cryptocurrencies have already proven that entering such a market can and has been done, so the way is paved for a currency with such a massive beginning. Much future, very probable

I think we might see a small spike as it gains a bit of popularity and catches on a bit, though I have a hard time believing that a currency based on a meme would ever become as used as bitcoins. I could be wrong though, maybe people will take this chance and embrace our new doge overlords.

As ironic as it seems it looks like Dogecoin actually has the ability to be widely adopted for use as a currency, and to overtake Bitcoin. The thing is, Redditors are a huge community, most of them are somewhat more knowledgeable about CS than the average person and probably think cryptocurrencies are really neat. Dogecoin is already familiar and beloved because of its meme-status, and because it’s much much easier to mine (and its minimum discrete chunk is much smaller than Bitcoin) it also becomes easier for the casual user to obtain. You’re more likely to get a wallet and keep it around if it’s got a dozen Dogecoins sitting in it, even if they aren’t worth anything by today’s standards.

I’m trying to explain to my cat about dogecoin. He is not understanding. He thinks I have a secret wish to abandon him and get doge. Help me prove to him the value of dogecoin? DQd6dErNP9yowsT8ZWxX6y8iLAPeieeUFe

From the research I’ve done I will go on record and say that the guy who owns DogeWallet.com I believe to be honest and attempting to run a legit business/site. Really, it’d be dumb of him not too.. he’s got the perfect domain and was positioned and ready to launch a functioning beta within 3 weeks of dogecoin’s inception. I think he’s going to have a very profitable biz on his hands very shortly.

That said, I don’t know him and you never know.. Also, the site/wallet IS still in beta and lacks very basic security measures. If you check his twitter account, you’ll see that he says those features are coming soon..

Either way.. I’d recommend you didn’t keep too much Doge in that (or any) online wallet, especially so early in the game – when things are more vulnerable.

Doge Coin is hilarious because it helps people understand that fiat currency is retarded. ForEx is a highly profitable but volatile way of making money but can create / pop bubbles. Doge Coin is a perfect storm in terms of modelling a bubble.

I have been mining crypto for a lil while now. Im teaching myself how to mine, just getting started thinking about doing this coin! A donation to get me started will be appreciated
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What if you invested $150 for an ounce of gold in 2004.
Its trading over 1k an ounce.

So for the past months I have watched bitcoin (cryptocurrency) go from 1 coin valued at $150 to over $950.

Someone bought a pizza for 10,000 bitcoin 2 years ago.

Some will tell u the truth.
There is NO intrinsic value.
I say nay say!!!
You are the intrinsic value.
Why?
Because you are backing a digital currency. You give it value.
Look at the american dollar.
It’s an I.O.U
YEAH YOUR DOLLAR SHOULD BE BACKED BY GOLD! !
What Gold??
When did we audit the fed.

THIS CRYPTOCURRENCY
IS GOING TO BE THE BIGGEST PARADIGM SHIFT OF CURRENCY.

BIG BANKS?!?!
sorry your not included.

I can buy and sell and get digital currency.

Really?!?! Digital currency??
You say!

Yes. Because I want u to tell me how much physical cash u have on hand. Okay so u always pay with plastic.
Okay what good is your plastic card? Intrinsic? Nope.
Numbers on a screen? Its non existent.
It could be eliminated and set to zero with a few clicks.

to me, dogecoin is more than an internet meme. its something that the average joe with a sense of humor can invest in. something that is not going to go away. the real intrinsic value is the user. we determine what has value. do we not set prices for products? well this is the biggest paradigm shift of wealth. and the big banks can not touch it. THIS IS SO COOL!